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A trader buys 12 oranges for Rs 10 and sells 10 oranges for Rs 12. His profit percent is
A20%
B24%
C30%
D44%
Answer & Solution
Correct answer: D. 44%
CP per orange = 10/12; SP per orange = 12/10. Profit per orange = 12/10 - 10/12 = (144 - 100)/120 = 44/120. Profit% = (44/120) / (10/12) x 100 = (44/120) x (12/10) x 100 = 44%.
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